BSM Technologies Voting Results from Annual General and Special Meeting of Shareholders

TORONTO, March 22, 2019 /CNW/ - BSM Technologies Inc. (the "Corporation" or "BSM") (TSX: GPS), a leading provider of Internet of Things (IoT) enabled telematics and asset management solutions, today announced its voting results from its annual general and special meeting of shareholders (the "Meeting") held in Toronto on March 21, 2019.

A total of 49,846,471 common shares of the Corporation, representing 61.81% of the Corporation's outstanding common shares as of the record date of February 4, 2019, were voted in person or by proxy at the Meeting.

BSM shareholders voted in favour of all items of business, including the following director nominees:

Director Nominee	Votes For		Votes Withheld
	Number	%	Number	%
Andrew Gutman	38,308,816	78.06	10,770,426	21.94
Louis De Jong	39,063,466	79.59	10,015,776	20.41
Frank Maw	38,309,094	78.06	10,770,148	21.94
Leonard Metcalfe	38,310,770	78.06	10,768,472	21.94
David D. Sgro	38,343,706	78.13	10,735,536	21.87
Gregory Monahan	38,347,560	78.13	10,731,682	21.87
Kelly Edmison	38,497,595	78.44	10,581,647	21.56

In addition to the election of the director nominees, BSM's shareholders also approved:

• The resolution approving the re-appointment of PricewaterhouseCoopers LLP as the auditors of the Corporation for the ensuing year and to authorize the board of directors of the Corporation to fix their remuneration, with 47,936,346 (99.99%) total votes cast "FOR" and 6,281 (0.01%) total votes "WITHHELD";
• The resolution approving certain amendments to the Corporation's restricted share unit plan (the "RSU Plan"), and all unallocated restricted share units issuable pursuant to the RSU Plan, with 37,104,760 (75.60%) total votes cast "FOR" and 11,974,482 (24.40%) total votes "WITHHELD"; and
• The resolution approving certain amendments to the Corporation's deferred share unit plan (the "DSU Plan"), including increasing the maximum number of common shares reserved for issuance under the DSU Plan by 350,000, from 1,000,000 to 1,350,000, and all unallocated deferred share units issuable pursuant to the DSU Plan, with 37,138,832 (75.67%) total votes cast "FOR" and 11,940,410 (24.33%) total votes "WITHHELD".

The Corporation has filed a report of voting results on all resolutions voted on at the Meeting under the Corporation's profile on SEDAR at www.sedar.com.

About BSM Technologies:

With more than 20 years of experience, BSM Technologies Inc., through its subsidiaries and affiliates, is a leading provider of Internet of Things (IoT) enabled telematics and asset management solutions. Focused on the Government, Service, Rail and Construction markets, BSM provides the technology, tools and services required to connect, analyze and optimize fleets, equipment and people – empowering data-driven operational decision-making. BSM illuminate, BSM's software platform, enables companies to leverage data insights, analytics and optimization tools for competitive advantage.  

For more information, please visit http://www.bsmtechnologies.com. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.

SOURCE BSM Technologies Inc.

Louis De Jong, President & CEO, BSM Technologies Inc., [phone], [email protected]; Craig MacPhail, Investor Relations, NATIONAL Capital Markets, [phone], [email protected]

Related Links

http://www.bsmwireless.com